Nigeria's leading finance and market intelligence news report.

International Breweries Plc appoints new managing director

International Breweries Plc. (IB Plc), a unit of the ABInBev group, has officially announced Hugo Dias Rocha as new managing director to replace Annabelle Degroot, who is leaving Nigeria at the end of December.

The company confirmed BusinessDay’s report that Annabelle is leaving Nigeria  to take up new responsibilities in Europe within the ABInBev Group, having successfully driven the company’s transformational agenda, which has seen IB Plc become the second-largest brewer in Nigeria in the last 2 years.

The incoming Managing Director, Rocha is expected to consolidate on Annabelle’s legacies and achievements by leading the company to the next phase in its growth trajectory.

A statement by IB Plc’s Company Secretary and General Counsel, Muyiwa Ayojimi, said Hugo Dias Rocha comes with a lot of valuable experience having worked with the ABInBev group for over 24 years in different leadership positions within the Sales, Process Integration and Human Resources functions in various countries including Brazil, Dominican Republic, China, Colombia, Argentina and South Africa.

He holds a Master’s degree in Business Administration (MBA) from the Sao Paulo Business School, Brazil, and a Degree in Mechanical Engineering from the Federal University, Paraiso, Brazil.

Director, Legal and Corporate Affairs, Otunba Michael Daramola, said the outgoing MD’s tenure was marked with remarkable achievements, among which is the successful merger of three hitherto independent breweries;  rapid growth in the brewery’s product portfolio and the inauguration of a solar-powered, ultra-modern Gateway plant in Sagamu, Ogun state.

Also, a new Finance Director, Bruno Zambrano Arana takes over from Zuber Momoniat, who has served in that capacity in the last five years.

Zambrano comes with experience having worked extensively in virtually all aspects of financial management across ABInBev’s businesses in Latin America, East Africa and South Africa. He holds an MBA from Mccombs School of Business – Austin, Texas, and a  Bachelor of Science in Economics from University of Texas at Arlington – Arlington, Texas.

 

Comments are closed, but trackbacks and pingbacks are open.